ThredUp Inc. (NASDAQ:TDUP) Director Sells $226,613.10 in Stock

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 107,911 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $2.10, for a total transaction of $226,613.10. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at approximately $527,007.60. The trade was a 30.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Patricia Nakache also recently made the following trade(s):

• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The stock was sold at an average price of $2.26, for a total value of $377,490.06.
• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The stock was sold at an average price of $2.26, for a total transaction of $441,461.62.
• On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The shares were sold at an average price of $1.95, for a total transaction of $1,219,721.10.
• On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total value of $73,766.52.
• On Wednesday, December 4th, Patricia Nakache sold 4,600 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total value of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The shares were sold at an average price of $1.78, for a total value of $97,545.78.
• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total value of $354.00.

ThredUp Trading Down 3.2 %

NASDAQ:TDUP traded down $0.07 during mid-day trading on Monday, hitting $2.10. The company had a trading volume of 612,882 shares, compared to its average volume of 1,694,949. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.45. The firm has a market cap of $238.89 million, a P/E ratio of -3.28 and a beta of 1.66. The business's fifty day moving average is $1.63 and its two-hundred day moving average is $1.23.

Institutional Trading of ThredUp

Hedge funds have recently modified their holdings of the company. Sei Investments Co. bought a new position in ThredUp during the second quarter worth about $37,000. Cubist Systematic Strategies LLC acquired a new stake in shares of ThredUp during the second quarter worth about $43,000. Creekside Partners bought a new position in shares of ThredUp during the 2nd quarter valued at about $51,000. SG Americas Securities LLC lifted its holdings in shares of ThredUp by 84.8% during the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company's stock valued at $29,000 after purchasing an additional 15,850 shares in the last quarter. Finally, Barclays PLC grew its position in shares of ThredUp by 278.7% in the 3rd quarter. Barclays PLC now owns 104,018 shares of the company's stock valued at $87,000 after purchasing an additional 76,553 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a "hold" rating on shares of ThredUp in a research report on Tuesday, January 14th. Telsey Advisory Group increased their price objective on shares of ThredUp from $2.00 to $3.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th.

About ThredUp

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.

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